Playing for real

a text on game theory

Ken Binmore's previous game theory textbook, Fun and Games (D.C. Heath, 1991), carved out a significant niche in the advanced undergraduate market; it was intellectually serious and more up-to-date than its competitors, but also accessibly written. Its central thesis was that game theory ...

Does game theory work?

the bargaining challenge

This volume brings together all of Ken Binmore's influential experimental papers on bargaining along with newly written commentary in which Binmore discusses the underlying game theory and addresses the criticism leveled at it by behavioral economists. When Binmore began his experimental work in the ...

Judgment under uncertainty

heuristics and biases

The thirty-five chapters in this book describe various judgmental heuristics and the biases they produce, not only in laboratory experiments but in important social, medical, and political situations as well. Individual chapters discuss the representativeness and availability heuristics, problems in judging covariation and control, overconfidence ...

Theory of games and economic behavior

This is the classic work upon which modern-day game theory is based. What began more than sixty years ago as a modest proposal that a mathematician and an economist write a short paper together blossomed, in 1944, when Princeton University Press published "Theory of Games ...

Equilibrium and rationality

game theory revised by decision rules

This book represents a major contribution to game theory. It offers this conception of equilibrium in games: strategic equilibrium. This conception arises from a study of expected utility decision principles, which must be revised to take account of the evidence a choice provides concerning its ...

Introduction to the theory of cooperative games

This book systematically presents the main solutions of cooperative games: the core, bargaining set, kernel, nucleolus, and the Shapley value of TU games, and the core, the Shapley value, and the ordinal bargaining set of NTU games. To each solution the authors devote a separate ...

Le dilemme du prisonnier

Suggéré par une expérience menée en 1950 par les mathématiciens Melvin Dresher et Merrill Flood, puis explicité la même année par leur collègue Albert Tucker, le dilemme du prisonnier s'est imposé comme un modèle de référence en économie et en sciences sociales, mais aussi ...

Robustness

The standard theory of decision making under uncertainty advises the decision maker to form a statistical model linking outcomes to decisions and then to choose the optimal distribution of outcomes. This assumes that the decision maker trusts the model completely. But what should a decision ...

Dynamic optimization and differential games

This book has been written to address the increasing number of Operations Research and Management Science problems (that is, applications) that involve the explicit consideration of time and of gaming among multiple agents. It is a book that will be used both as a textbook ...

Games and information

an introduction to Game Theory

Written in a crisp and approachable style, Games and Information uses simple modeling techniques and straightforward explanations to provide students with an understanding of game theory and information economics. * Written for introductory courses seeking a little rigor. * The 4th edition brings the material fully up-to-date ...

The economics of persistent innovation

Table of Contents: Preface and acknowledgements by Christian Le Bas Introduction by William Latham and Christian Le Bas Ch. 1 Persistence in innovation : definitions and current development of the field by Christian Le Bas and William Latham Ch. 2 Determinants of persistence in innovation : a ...

Agent-based computational modelling

applications in demography social, economic and environmental sciences

Table of Contents: F.C. Billari et al.: Agent-based Computational Modelling: An Introduction * A. Pyka, T. Grebel: Agent-based Modelling - A Methodology for the Analysis of Qualitative Development Processes * M. Franke et al.: On the Analysis of Asymmetric Directed Communication Structures in Electronic Election Markets * M ...

Economic dynamics and information

This book analyzes the existence of equilibria in economies having a measured space of agents and a continuum of agents and commodities. Excessive homogeneity with respect to agent productivity leads to instability and non-uniqueness of a given stationary state and the indeterminacy of the corresponding ...

Designing economic mechanisms

A mechanism is a mathematical structure that models institutions through which economic activity is guided and coordinated. There are many such institutions; markets are the most familiar ones. Lawmakers, administrators and officers of private companies create institutions in order to achieve desired goals. They seek ...

Beyond individual choice

teams and frames in Game Theory

Game theory is central to modern understandings of how people deal with problems of coordination and cooperation. Yet, ironically, it cannot give a straightforward explanation of some of the simplest forms of human coordination and cooperation - most famously, that people can use the apparently arbitrary ...

Teoría de la decisión y de los juegos

A diferencia de otros manuales disponibles en el mercado, este libro no sólo explica las situaciones de interdependencia estratégica-Teoría de los Juegos-, sino que también aborda el estudio de la Teoría de la Decisión, considerando el valor que supone para quienes han de decidir el ...

Advances in dynamic games

applications to economics, management science, engineering, and environmental management

The paradigms of dynamic games play an important role in the development of multi-agent models in engineering, economics, and management science. The applicability of their concepts stems from the ability to encompass situations with uncertainty, incomplete information, fluctuating coalition structure, and coupled constraints imposed on ...

Micromotives and Macrobehavior

Originally published over twenty-five years ago, "Micromotives and Macrobehavior" still feels fresh today. And the subject of these stories - how small and seemingly meaningless decisions and actions by individuals often lead to significant unintended consequences for a large group - is more important than ever. In ...

Contract theory

Dynammic general equilibrium modelling

computational methods and applications